Item 8.01. Other Events . OnApril 28, 2023 ,Global Clean Energy Holdings, Inc. (the "Company") andExxonMobil Renewables LLC ("Exxon") jointly filed a stipulation in theCourt of Chancery of the State of Delaware pursuant to which the parties have agreed on the scope of a voluntary document production by the Company for purposes of resolving the books and records complaint under Section 220 of the Delaware General Corporation Law filed by Exxon onMarch 1, 2023 (the "Stipulation to Resolve"). Pursuant to the Stipulation to Resolve, the parties have agreed to hold the Company's deadline to respond to Exxon's initial complaint in abeyance while the Company completes its voluntary document production for the agreed purpose of resolving the action . The parties have agreed the Company shall begin producing documents on a rolling basis beginning no later thanMay 12, 2023 .
As
previously disclosed, while the Company believes the allegations described in Exxon's complaint are without merit, the Company has entered into the Stipulation to Resolve with the intention of resolving Exxon's action . While the Company intends to comply with applicable law, the Stipulation to Resolve is not an admission of liability by the Company, and is subject and without prejudice to the Company's express reservation of rights in all regards.
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